§ 16-101

Maryland § 16-101

• Jurisdiction: Maryland
• Article gsf: State Finance and Procurement
• Title: 16

Text

(a) In this title the following words have the meanings indicated.

(b) “Business” means an individual or a corporation, partnership, sole proprietorship, joint venture, or other legal entity through which commercial activity is conducted.

(c) “Contract” means any agreement in any form.

(d) “Controlling stockholder” means a stockholder who:

(1) owns more than 25% of the voting stock of a corporation; or

(2) notwithstanding the number of shares that the stockholder owns, has the power to direct or control the direction of the management or policies of a corporation.

(e) “Convicted” includes an accepted plea of nolo contendere.

(f) “Public body” means:

(1) the State;

(2) a unit; or

(3) a local governmental entity in the State, including a bicounty or multicounty governmental entity.